Archive for August, 2007
Wednesday, August 22nd, 2007
Why September Will Be The Most Dangerous Month For Markets
September is going to be bad for financial markets; Really bad! I think we’ll have a financial hurricane ravage the US and here are some reasons why: First: World Currencies. Look at the table below, there are five key central banks setting rates in September including the US Fed. With the subprime debacle causing havoc [...]
No Comments » - Posted in Financial Safety,Watch Out by RichSlick
Tuesday, August 21st, 2007
How Retailers Are Making Shopping A Horrible Experience
There is a disturbing trend in so many retail shops these days that it’s really forcing me to turn to online shopping. It’s not limited to retail shops though, movie theaters are in on the game too as other venues that take credit cards. What is this disturbing trend? Asking for ID on trivial purchases! [...]
6 Comments » - Posted in Rants by RichSlick
Monday, August 20th, 2007
Peer Pressure On PF Bloggers
I was shocked to see the bashing being delivered to some bloggers for expressing their thoughts about getting out of a falling market. It seems there was so much peer pressure on these guys to hold the mantra “buy and hold.” I felt sorry for Trent over at the Simple Dollar and Blueprint for Financial [...]
2 Comments » - Posted in Raves by RichSlick
Friday, August 17th, 2007
Learning To Drive, Learning To Invest & $400 Tumbles In
Most people don’t hop in a car and automatically know how to drive. There is a methodology for learning how to drive; It takes lessons. The learning doesn’t stop at gas pedal/brake pedal, wheel and gears though. Once you master the mechanics of the car, there are a whole set of rules you must acquaint [...]
No Comments » - Posted in MMO by RichSlick
Thursday, August 16th, 2007
No More FICA Taxes For The Rest of the Year!
Yay! I just got my paycheck stub and I’ve now fully paid my FICA for the rest of the year! Actually, I think I’ve overpaid my FICA and will need to figure out how to get some of that money back. The annual cap on FICA for 2007 is $6045 so this means the remainder [...]
No Comments » - Posted in Money Management by RichSlick
Thursday, August 16th, 2007
Massive Manipulation in the Options Market
I’ve been seeing something extremely disturbing with the options market this week: the calls/puts aren’t adjusting like they would in a normal market. I trade ETF covered calls exclusively so I’ve been doing this for quite some time now and let me tell you what should be happening this week. I bought EEB at $37.50 [...]
3 Comments » - Posted in The Fed,Watch Out by RichSlick
Wednesday, August 15th, 2007
When EVERYONE Profits from Evil: FRAUD
A lot of people are concerned about the subprime mess and global markets seem to be panicking about the whole “bad home loans” fiasco but let’s face reality here, everyone has been profiting from the Fraud. Let’s take a look at the big profiteers from the housing fraud scam scheme. 1. President Bush – Yup, [...]
2 Comments » - Posted in Evil Profits by RichSlick
Tuesday, August 14th, 2007
I Will Avoid Sentry Safes Like The Plague
I’ve now had the same problem with two Sentry Safes over the past 10 years that I’ve decided not to buy their products anymore. I had to take my latest safe to a locksmith to open it and retrieve my contents. The problem that’s happened twice on two separate but similar safes is the handle [...]
No Comments » - Posted in Rants by RichSlick
Monday, August 13th, 2007
Physics, Finance, & The Kid with the Bike
When I was a kid, I used to be able to ride my bike on the edge of a curb and pop wheelies along and ride across 2″ wide curbs for yards over. It wasn’t until I became a “learned” man that I understood that what I had been doing all along was impossible. The [...]
3 Comments » - Posted in MMO,Raves by RichSlick
Friday, August 10th, 2007
Did You Request Credit Limit Increases Yesterday?
If you didn’t request a credit limit increase yesterday, you should have. After I read this article, I got online on all my credit accounts and requested a credit limit increase on most of them! Here’s a quote from the article: “It is impossible to price assets in the funds because there is a lack [...]